Latest Tax refunds News

4 tax breaks for teachers

Oct. 18, 2018 10:04 AM EDT

The flood of education-related tax advice that seems to crest during back-to-school season often centers on students or their parents. But teachers can score a few tax breaks, too — if they do their homework. Three tax pros share their own lesson plans for cutting teachers' tax bills. 1. Educator Expense...

Bishops calls for urgent action on UK welfare program

Oct. 16, 2018 11:17 AM EDT

LONDON (AP) — Church of England bishops on Tuesday called for urgent action to improve Britain's new comprehensive welfare program, known as universal credit, amid reports that some claimants may lose as much as 2,400 pounds ($3,172) a year. Universal credit replaces six existing benefits, including...

Tesla says order by Monday to get full $7,500 tax credit

Oct. 12, 2018 9:08 AM EDT

DETROIT (AP) — Tesla Inc. says buyers must order cars by Monday to get the full federal electric vehicle tax credit of $7,500. The company says on its website that cars ordered by Monday will be delivered by the end of the year. Under federal law, buyers get the full credit until a manufacturer reaches...

No second take from appeals court in 'Hollywood South' case

Oct. 10, 2018 1:24 PM EDT

NEW ORLEANS (AP) — A federal appeals court Tuesday refused to reconsider an August ruling that could mean prison time for a movie producer and an attorney convicted of fraud involving Louisiana's "Hollywood South" film tax credit program. Producer Peter Hoffman and attorney Michael Arata were sentenced to...

Malaysia plans new taxes to help pay off snowballing debt

Oct. 9, 2018 6:26 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysian Finance Minister Lim Guan Eng said Tuesday the government plans to introduce new tax measures to help raise funds to pay off national debt that has snowballed due to corruption under the previous government. Lim said it will take the government three years to resolve...

Democrat Evers plans reforms if elected Wisconsin's governor

Oct. 1, 2018 1:26 PM EDT

MADISON, Wis. (AP) — Democrat Tony Evers proposed a host of reforms Monday he plans to implement should Wisconsin voters elect him as governor, including automatic voter registration for 18-year-olds, nonpartisan redistricting and an inspector general to serve as a watchdog over state government. The state...

Edmunds: How to shop for an electric car

Sep. 26, 2018 11:25 AM EDT

Even though electric vehicles account for just a fraction of overall car sales, they are slowly gaining favor with buyers, particularly as second cars for daily commuting. While you're researching EVs, you'll deal with the usual considerations, including price, comfort, cargo space and handling. Edmunds' Best...

Parson calls for change to low-income housing tax credits

Sep. 25, 2018 11:29 AM EDT

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson says state tax credits for low-income housing won't be issued until lawmakers revamp the program. Parson on Monday said in the meantime, he will still consider voting for federal low-income housing tax credits but won't support state tax credits. Parson...

Employers giving paid leave getting tax credits in new law

Sep. 24, 2018 3:28 PM EDT

WASHINGTON (AP) — Employers who offer paid family and medical leave to their workers earning up to $72,000 a year can receive tax credits under the new tax law, the government has affirmed. The Treasury Department issued guidelines Monday for the tax credit, which is available to employers for leave paid...

Dueling pickups, popular SUV among new models coming in 2018

Sep. 4, 2018 9:09 AM EDT

DETROIT (AP) — From new top-selling pickup trucks to an essential range extension for an electric car to the most popular SUV in the country, the 2019 model year for new vehicles has something for everyone. Fiat Chrysler's Ram brand and General Motors' Chevrolet will go at each other and rival Ford with...